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According to the new study by Fact.MR, the inspection management software market is estimated to surpass revenues worth US$ 800 Mn in 2019, from US$ 741.4 Mn in 2018.
Effective control of inspection work continues to be imperative for process integrity and reliability, thereby fuelling investments in the inspection management software market.” says Fact.MR report.
According to the report, end users will increasingly opt for annual subscription plans over monthly ones, with global deployment estimated to exceed US$ 700 Mn in 2019.
In addition, end-use enterprises are estimated to show marked preferences for software pack for 100-499 users through 2028.
Inspection nodes across majority of the enterprises don’t generally exceed the number of 500, which is a key reason for high demand for inspection management software pack for 100-499 users.East Asia Promises New Expansion Opportunities for Market PlayersAs per the research study, North America will continue to be the leading market for inspection management software.
Several industries and businesses across the emerging economies of East Asia are transitioning toward inspection management software with an objective of digitizing all inspections and speeding up the daily inspections.